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May 25, 2015 10:36 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Adani Power Maharashtra Limited

Company Overview

Adani Power Maharashtra Limited focuses on setting up 3,300 megawatts thermal power project in Tiroda, Gondia district, Maharashtra, India. The company was incorporated in 2007 and is based in Ahmedabad, India. Adani Power Maharashtra Limited is a subsidiary of Adani Power Limited.

Achalraj

Opposite Mayor Bungalow

Law Garden

Ahmedabad,  380006

India

Founded in 2007

Phone:

91 79 2555 7555

Fax:

91 79 2555 7177

Key Executives for Adani Power Maharashtra Limited

Managing Director and Director
Age: 67
Head of Projects
Age: 62
Company Secretary
Compensation as of Fiscal Year 2014.

Adani Power Maharashtra Limited Key Developments

State Bank of India to Refinance Adani Power Maharashtra and Adani Power Rajasthan Loans

State Bank of India has agreed to refinance INR 50,000 million of loans to Adani Power subsidiaries - Adani Power Maharashtra (APML) and Adani Power Rajasthan (APRL) - using the 5/25 scheme. The proposal envisages refinancing INR 150,000 million of loans by a consortium of bankers, of which SBI alone, it is understood, will refinance close to INR 50,000 million to INR 29,000 million to APML and INR 21,000 million to APRL -at an interest rate of slightly over 12%. SBI has agreed to extend the loan repayment period from 10 years to an option spanning 19 years under the 5/25 scheme, allowed by the RBI.

Government of India Considering Bids for Gare Palma Coal Blocks

The Ministry of Coal, Government of India, is considering the bids for Gare Palma-IV/2&3 coal blocks by Adani Power Maharashtra Limited, Jindal Power Limited and GMR Chhattisgarh Energy Private Limited, people close to the developments said. Adani Power and GMR Chhattisgarh had pulled out of the bidding process after putting only one negative bid each.

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